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Prime Minister Modi was the keynote speaker at the Hannover Messe in Germany, the world’s largest trade fair – with a big message to the world that he is serious about creating a stable economic environment with speed and bold ideas. He said his government is creating a "stable economic environment that inspires confidence at home and abroad", for which it is pursuing strong fiscal…
Favorable economic and stock market conditions are leading to a surge in initial public offerings (IPOs) in India. Since mid-March, more than ten companies from a range of sectors, including banking, logistics, media and infrastructure have filed public offering documents with the Securities and Exchange Board of India (SEBI). Comparatively, in 2014-15 fiscal year the Indian market witnessed only eight IPOs, which together raised less…
The government of India has unveiled a 5-year plan to double the country’s export sales by 2019-2020, increasing India’s rank in global trade - from 2% to 3.5% by 2020. Merchandise exports currently account for about one-fifth of the country's $2 trillion economy. The new Foreign Trade Policy (FTP) for 2015-2020 replaces and consolidates existing trade promotion initiatives, focusing on reducing transaction costs for exports…
Korea continues to post a strong current account surplus in February, now for 36 straight months.  The government expects a record high current account surplus this year as Korea benefits from lower oil prices. Korea continued its current account surplus streak for the thirty-sixth straight month in February. The Bank of Korea says the surplus reached around US$6.5 billion, up over 40 percent from a…
In an interview with the Weekly Voice, Bhim D. Asdhir, President & CEO of Excel Funds Management Inc. explains that the Indian equity market is set to rise higher on the back of strong corporate earnings and accelerating economic growth. He also makes a strong case for investing in emerging markets which he says will be a better place to invest in, compared to developed…
Summary of Forbes Article “Five reasons to Invest in India” 1. Reforms According to Emerging Global Advisors of New York, reforms – including tax changes and rules changes that allow for greater absorption of foreign money into Indian companies - are the No. 1 for buying Indian equities. India’s 2016 budget announced lower corporate taxes and the merger of foreign direct and foreign institutional investment…
Malaysia and India are set to overhaul their tax systems by implementing the Goods and Services Tax (GST). It is expected that the consumption-based tax will simplify the tax regime; increase revenue collection; and boost economic growth.   Malaysia will implement the GST on April 1 – 5 years after it was first proposed - while India is expected to follow suit next year following…
There is consensus among a wide range of institutions, analysts and individuals that India could become the world’s next growth miracle. For instance, the International Monetary Fund forecasts that India is set to be the fastest-growing major economy, growing at a rate of over 8%, and surpassing China whose growth has slowed to 7%, following two decades of double-digit growth. The country’s former Central Bank…
 Seizing India’s MomentiThe case for increasing exposure to India “Today, the elements are all aligned to make India a global powerhouse. This is India’s moment. Seize it.” Christine Lagarde, Managing Director, International Monetary Fund India is poised to be the fastest growing major economy in the world and foreign investors have started to reallocate their investments into the country. It is therefore reasonable for Canadian…
The Securities and Exchange Board of India (SEBI) has approved rules for municipalities to issue and list bonds – making the growing Indian bond market more diverse and attractive. It is expected that the bonds will be used to fund infrastructure development, including the establishment of smart cities. India proposes to establish 100 new smart cities as part of the Modi administration’s massive reform program…
SEBI (Securities and Exchange Board of India) approves rules for issuing and listing muni bonds.  We view this as an important development in providing an alternative source of financing for cities.  This is also an important element for Prime Minister Modi's planned smart cities. http://economictimes.indiatimes.com/markets/stocks/policy/to-help-smart-cities-plan-sebi-approves-norms-for-issuance-and-listing-of-municipal-bonds/articleshow/46652124.cms?intenttarget=no&utm_source=newsletter&utm_medium=email&utm_campaign=Dailynewsletter&ncode=bc86f3975abde9546502e9cbaafcf156      
Reforms to fuel economy Reforms in a range of areas, among them merging the limits on foreign direct (FDI) and foreign institutional investments (FII); changes to the Land Acquisition Bill; promoting the development of the coal and power sectors; building roads and railways; implementation of direct transfer of subsidies; and streamlining the tax regimes, including the introduction of the Goods and Services Tax . Corporate…

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